OTC Order definition

OTC Order means an Order that Client Instructs Coinbase to fill via CES. If Client communicates to Coinbase that such Order is to be pre-funded as opposed to utilizing a credit arrangement (i.e., the credit arrangement set forth in the CTF Agreement), Client shall pre-fund its Trading Balance prior to submitting such Order. If upon Client's Instructions to fill an Order via CES, such Order is executed with a Connected Trading Venue on a delayed settlement basis solely in instances when Client has exceeded the Authorized Amount or a Digital Asset Unavailability Event has occurred and is continuing (such OTC Order, a “Delayed Settlement OTC Order”), Client may not be required to pre-fund or utilize a credit arrangement in connection with the execution of such OTC Order provided that notwithstanding the foregoing, Client acknowledges and agrees that a Delayed Settlement Order shall be subject to Coinbase's reasonable discretion in all cases based on Coinbase's risk policies and procedures, credit and funding constraints, risk management limits, and solvency concerns or other terms agreed in writing by the Parties related to Delayed Settlement Orders, in accordance with the foregoing, Coinbase shall use commercially reasonable efforts to execute such Order as a Delayed Settlement OTC Order and obtain the best execution price for such Order.
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OTC Order means an Order that Client Instructs Coinbase to fill via Coinbase’s over-the-counter trading service [in accordance with the Service Level Agreement].
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Examples of OTC Order in a sentence

  • Client’s failure to timely settle an executed OTC Order in accordance with the settlement terms will constitute a default under the Coinbase Prime Brokerage Agreement.

  • If the above actions are not sufficient to satisfy all obligations of Client to Coinbase in respect of OTC Orders subject to default, Coinbase shall have the right to liquidate any and all of Client’s assets and positions held with Coinbase or Coinbase Custody, including the Trading Balance and Vault Balance in Client’s Custodial Account, to cover any Losses incurred by Client’s failure to settle the OTC Order.

  • The B2B application (the “Application”) is a key enabler for functions such as OTC (Order to Cash), BTC (▇▇▇▇ To Cash), OTM (Transportation Management), Fusion/3PL (Warehouse Management/Third Party Logistics Providers), Treasury/Banking (EFT) and many “SaaS” (Software as a Service) solutions.

  • The amount by which ▇▇▇▇▇▇▇▇’s Order is executed and exceeds the applicable Client Asset available in the Borrower’s Trading Balance shall constitute the specific quantity of a Trade Credit unless, for the avoidance of doubt, such Order is a Delayed Settlement OTC Order.

  • In the absence of Trade Credits or other financing arrangement authorized by Coinbase, and unless such Order is a Delayed Settlement OTC Order in accordance with Section 8 of the MTA, Borrower must pre-fund its Trading Balance on the Trading Platform with Cash or Digital Assets in order to buy or sell Digital Assets on the Trading Platform.

  • Client must pre-fund its Trading Balance and/or establish a credit arrangement with Coinbase prior to submitting Orders, unless such Order is an OTC Order in which case neither pre-funding nor a credit arrangement with Coinbase is required.

  • Upon Client’s default of an OTC Order: (a) In addition to all rights under this Coinbase Prime Broker Agreement, Coinbase may exercise any rights of a secured creditor with respect to its interests in Client’s assets, and may exercise all other rights under agreements between Client and any of the Coinbase Entities.

  • Client’s failure to timely settle an executed OTC Order in accordance with the settlement terms will place Client in default.

  • The amount by which ▇▇▇▇▇▇▇▇’s Order is executed and exceeds the applicable Client Asset available in the Borrower’s Trading Balance shall constitute the specific quantity of a Trade Credit unless, for the avoidance of doubt, such Order is an OTC Order.

  • Client’s failure to timely settle an executed OTC Order in accordance with the settlement terms agreed to by Client in accordance with Section 8.3 will constitute a default under the Coinbase Prime Brokerage Agreement.

Related to OTC Order

  • Stock Market means a securities market operated by a securities exchange;

  • statutory authority This agreement implements Iowa Code § 280.25 and is consistent with 34 C.F.R. 99.38 (2012).

  • Market Order means Orders which are executed at the best available market price.

  • securities regulatory authority or “SRA” means a body created by statute in any Canadian or foreign jurisdiction to administer securities law, regulation and policy (e.g. securities commission), but does not include an exchange or other self regulatory entity;

  • Relevant Electric Retail Regulatory Authority means an entity that has jurisdiction over and establishes prices and policies for competition for providers of retail electric service to end- customers, such as the city council for a municipal utility, the governing board of a cooperative utility, the state public utility commission or any other such entity.